It’s Frothy Finance Friday everyone! Come grab a beer with me every Friday in this virtual happy hour.
Today’s topic: Sippin’ on a Corona and Talking Coronavirus.
Many of us want to save and invest more, but with so many options available to us, such as our 401(k)s at work, IRAs, ESPPs, 457(b) plans, etc., it can sometimes be hard to figure out the order of where to save money first. If you can relate to this, then this blog is for you…
If you’re anything like me, social distancing is beginning to make you a little stir crazy. While we’re waiting for this coronavirus to calm down and everything to go back to normal, here are three financial items that would be helpful for you to review while you’re stuck inside…
Exchange Traded funds (ETFs) have become an increasingly popular investment option over the last couple of decades. There is now over $4 trillion worth of assets that are invested in ETFs worldwide. The largest and oldest ETF, the SPDR S&P 500 (SPY) has nearly $237 billion in assets and is consistently one of the most highly traded securities in U.S. exchanges. In spite of this, I’ve found that many investors are still kind of confused on what exactly an ETF is. Many times, they’ve heard about them, but are still kind of fuzzy on the details of how they work…
If your company provides both a Roth 401(k) and a Traditional 401 (k) option to you at work, which one should you contribute to? I know most of you would prefer a clear-cut, definitive answer, but unfortunately it’s not quite that easy or straightforward. Rather, the right choice can vary greatly from person to person and depends heavily on the particulars of your personal financial situation….
Over the last few weeks, we’ve seen the Coronavirus cause major disruptions to our way of life here in America and around the world.
In the sporting world, the NBA and NHL have suspended their seasons, the NCAA has cancelled its basketball tournament and has indefinitely suspended or cancelled all other spring sports, Major League Baseball has postponed the start of Spring Training, and the PGA cancelled the Players championship and has announced an indefinite postponement of the Masters.
Cities across the country are cancelling schools, limiting the number of people that are allowed to congregate in one place, and are encouraging employees to work remotely from home if at all possible…
Daniel Patterson, CFP
Sweetgrass Financial Planning
daniel@sweetgrassfp.com
(843) 608-0231